Synergetics v. Alcon Laboratories
This article was originally published in The Gray Sheet
Executive Summary
Alcon will pay Synergetics $32 million for the right to sell certain Synergetics products on a co-exclusive basis under a licensing deal that also settles all pending litigation between the firms, announced April 27. Other terms were not disclosed. Synergetics had sued Alcon in 2008, accusing Alcon of anti-competitive behavior and alleging that Alcon used its "monopoly power" in the vitrectomy device market to boost sales of surgical illumination devices and related accessories, according to Synergetics' annual report. Alcon then countersued, alleging patent infringement and unfair competition